Exports of jewellery from India have gone up 32 per cent in the last two months ended May thanks to increasing demand and sale diamonds abroad.
Imports also fell for the eighth consecutive months, down 0.75 per cent to $41.14 billion in January, widening the trade deficit to a seven-month high of $15.17 billion.
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work diamond polishing units, is expected to be released even as diamantaires will issue fresh orders to such units following the GST relief.
'His simple lifestyle, his optimism, his hard work and his genuine humility made him an authentic role model to millions of children, many of them growing up in challenging circumstances.'
Shubman Gill has the required technique and temperament to bat at any position in the Indian Test team but he does need to convert those great starts into big knocks, the legendary Sachin Tendulkar said about the young batter.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
India's exports grew marginally by 0.88 per cent.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Consumer sentiment seen better than last year's
As Dinesh Karthik celebrated his 35th birthday on Monday, opening batsman Rohit Sharma remembered the wicketkeeper's heroics with the bat in the Nidahas Trophy T20 tri-series final in Colombo, in 2018. Karthik scored a last-ball six to help India pull off an incredible chase to beat Bangladesh by four wickets and win the Nidahas T20 tri-series title.
While e-commerce sites rush to meet mass demand, Etsy is positioning itself more as a community of artisans where buyers can seek uncommon and unique products rather than mass-produced discounted products.
India's exports turned around in November after falling for 13 straight months, posting a growth of 18 per cent to touch $13.2 billion, but the expansion was attributed to base effect.
'Such memorable performances that brought so much joy and happiness all around.'
'Mamata Didi is the only politician who can take on the might of Modi.'
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Jewellers see flat gold sales this Dhanteras
'While we conversed in Marathi, she would always make it a point to ask me in English, "Are you okay? Have you eaten?"' 'I sorely miss that care and concern.'
Although the country's leading gems and jewellery traders, dealers and exporters are ready to grab a significant portion of the $25-billion market, key changes are required in the country's Income Tax Act and Customs Act.
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.
India has offered African countries --Botswana, Angola, South Africa and Namibia, incentives to strengthen their jewellery industry in return for direct procurement of rough diamonds from these countries.
Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.
All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.
From real estate to metals, what Sitharaman's Budget has in store.
Pressure is on India to eliminate duties on sectors like auto, pharma, chemicals, electronics, gems and jewellery for giving developed nations real market access.
Security of supply of raw materials is thus an important issue, said Jairam Ramesh, minister of State of Commerce. India now imports close to $8 billion of rough diamonds.
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
The government has not given any concrete assurance on the rollback of excise duty.
Dealers are selling gold at a discount of Rs 175 for 10 gm.
They would intensify the protest if their concerns are not addressed in the Budget.
Calling the young CEOs as his team, Modi said India's development must be made a mass movement and entrepreneurs should think of what more they can do for the country's growth and for the poor.
After recording positive growth for two months in a row, India's exports dipped marginally by 0.25 per cent to $27.67 billion in February and trade deficit widened to $12.88 billion, according to preliminary data released by the government on Tuesday. Imports grew 6.98 per cent to $40.55 billion during the month, the data showed. The trade deficit stood at $10.16 billion in February 2020. Exports during April-February 2020-21 were $255.92 billion, compared with $291.87 billion during the same period of last year, exhibiting a negative growth of 12.32 per cent.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
There are so many female-oriented movies, from Mother India to Arth to Pink. But there are some absolute gems that never got their due.
Indian beauty Urvashi Rautela put her best forward in the National Costume Round and Talent Show.
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